Non-Executive Director

DCM Public Director / DCO Independent Director

About Smarkets

Smarkets is a prediction market exchange for sports and political trading that has handled over $50 billion in volume since 2010. We are upending the sports betting industry by growing a platform that offers the best value for traders, with not only the fairest prices but also the best technology, alongside a superior customer experience.

Entities

Smarkets Board of Trade Exchange LLC

Smarkets Board of Trade Clearing LLC

Role Summary

Smarkets is seeking two senior independent non-executive directors to serve on the boards of both Smarkets Board of Trade Exchange LLC (a designated contract market) and Smarkets Board of Trade Clearing LLC (a derivatives clearing organisation).

Each director will serve as a DCM Public Director of Smarkets Exchange and a DCO Independent Director of Smarkets Clearing. As this is a dual-board appointment, each candidate must satisfy both the DCM Public Director independence standard and the DCO Independent Director material-relationship standard; satisfying only one will not qualify a candidate for the role.

The role provides non-executive oversight and constructive challenge, not day-to-day management; the experience we are looking for is set out below.

Key Responsibilities

Sitting on both boards, the director will contribute to oversight of regulatory compliance, market integrity, risk management, operational resilience, system safeguards, settlement and financial resources, participant access, conflicts of interest, and recovery and wind-down planning — exercising judgment consistent with the public interest, Smarkets Exchange’s self-regulatory responsibilities, and Smarkets Clearing’s safety and regulatory obligations.

DCM Public Director — Smarkets Exchange

Board-level oversight of the exchange’s regulatory programme — surveillance, investigations, disciplinary processes, rule enforcement, regulatory budget and resources, and the performance of the Chief Regulatory Officer. The director may serve on the DCM Regulatory Oversight Committee and other committees, supporting impartial decision-making and the fair, consistent application of the Rulebook.

DCO Independent Director — Smarkets Clearing

Board-level oversight of the clearinghouse’s risk management framework, settlement, participant eligibility, collateralisation model, default management, financial resources, system safeguards, operational resilience, and recovery and wind-down planning. One of the DCO Independent Directors will chair Smarkets Clearing’s Disciplinary Panel, Membership Committee and Appeals Committee, so candidates should be willing to perform committee chair duties — managing conflicts, ensuring procedural fairness, and overseeing disciplinary, membership and appeal matters in line with the Rulebook.

Candidate Profile

Candidates would generally have at least 10 years’ relevant senior experience (or equivalent seniority, expertise or regulatory experience), drawn from areas such as:

• regulated exchanges, clearinghouses, trading venues, or financial market infrastructure;

• derivatives, event contracts, clearing, settlement, or market operations;

• regulatory, compliance, surveillance, enforcement, or legal functions;

• financial services governance or board service;

• enterprise risk, cybersecurity, technology risk, or operational resilience;

• audit, finance, or controls oversight; or

• public policy, regulation, or public-interest governance.

Independence, Eligibility and Conflicts

The director must satisfy the independence standards for both roles:

• DCM Public Director: no material relationship with Smarkets Exchange — i.e. no relationship that could reasonably affect